IIA Exam IIA-CFSA Topic 3 Question 44 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 44
Topic #: 3

[All IIA-CFSA Questions]

___________ bank balances are bank assets on deposit in other banks.

A''Due from''

B''Due to fixed reserves

C''Due from reserves''

DBoth B& C

Show Suggested Answer

Suggested Answer: D

by Raina at Jan 28, 2024, 09:22 PM

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Macy

2 months ago

Ooh, both B and C, huh? Looks like the bank's got a bit of a split personality when it comes to those reserves.

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Willodean

2 months ago

Hmm, 'Due to fixed reserves'? I think the bank's got a bit of a fixation on those reserves.

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Veronica

2 months ago

C) ''Due from reserves''

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Meaghan

2 months ago

B) ''Due to fixed reserves

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Leonora

2 months ago

A) ''Due from''

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Markus

3 months ago

Let's see, 'Due from' reserves? Sounds like the bank's got some extra change lying around.

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Nguyet

2 months ago

B) ''Due to fixed reserves

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Lawrence

2 months ago

A) ''Due from''

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Leanna

2 months ago

B) ''Due to fixed reserves''

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Noelia

3 months ago

A) ''Due from''

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Rodolfo

3 months ago

Ah, the old 'Due from' dilemma! Gotta love those bank lingo questions.

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Earleen

3 months ago

I'm not sure, but I think it could also be D) Both B & C because reserves are also involved in bank balances.

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Laurel

4 months ago

I agree with Avery, 'Due from' makes sense as bank balances are assets on deposit in other banks.

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Avery

4 months ago

I think the answer is A) 'Due from'.

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